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Uk Unemployment In The Great Recession

Author

Listed:
  • David N.F. Bell

    (University of Stirling and IZA d.n.f.bell@stir.ac.uk)

  • David G. Blanchflower

    (Dartmouth College, University of Stirling, IZA, CESifo and NBER david.blanchflower@dartmouth.edu)

Abstract

This paper considers some of the implications of the increase in UK unemployment since the beginning of the Great Recession. The major finding is that the sharp increase in unemployment and decrease in employment is largely concentrated on the young. This has occurred at a time when the size of the youth cohort is large. As a response to a lack of jobs there has been a substantial increase in applications to university, although there has only been a small rise in the number of places available. Further we find evidence that the unemployed have particularly low levels of well-being, are depressed, have low levels of life satisfaction, have difficulties paying their bills and are especially likely to be in financial difficulties.

Suggested Citation

  • David N.F. Bell & David G. Blanchflower, 2010. "Uk Unemployment In The Great Recession," National Institute Economic Review, National Institute of Economic and Social Research, vol. 214(1), pages 3-25, October.
    • Handle: RePEc:sae:niesru:v:214:y:2010:i:1:p:r3-r25
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    Cited by:

    1. David G. Blanchflower & Andrew J. Oswald, 2013. "Does High Home-Ownership Impair the Labor Market?," NBER Working Papers 19079, National Bureau of Economic Research, Inc.
    2. Juan J Dolado & Cecilia García-Peñalosa & Linas Tarasonis, 2020. "The changing nature of gender selection into employment over the great recession," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(104), pages 635-677.
    3. Bradley, Steve & Migali, Giuseppe, 2019. "The effects of the 2006 tuition fee reform and the Great Recession on university student dropout behaviour in the UK," Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 331-356.
    4. Anastasios Kitsos & André Carrascal-Incera & Raquel Ortega-Argilés, 2019. "The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK," Sustainability, MDPI, vol. 11(14), pages 1-19, July.
    5. Antje Mertens & Miriam Beblo, 2016. "Self-Reported Satisfaction and the Economic Crisis of 2007–2010: Or How People in the UK and Germany Perceive a Severe Cyclical Downturn," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 537-565, January.
    6. Karon Gush & James Scott & Heather Laurie, 2015. "Households’ responses to spousal job loss: ‘all change’ or ‘carry on as usual’?," Work, Employment & Society, British Sociological Association, vol. 29(5), pages 703-719, October.
    7. Moffat, John & Yoo, Hong Il, 2015. "Who are the unemployed? Evidence from the United Kingdom," Economics Letters, Elsevier, vol. 132(C), pages 61-64.
    8. De Cao, Elisabetta & McCormick, Barry & Nicodemo, Catia, 2022. "Does unemployment worsen babies’ health? A tale of siblings, maternal behaviour, and selection," Journal of Health Economics, Elsevier, vol. 83(C).
    9. Shivani Taneja, 2019. "Gender Gap In Job Utility Of British Workers," Proceedings of International Academic Conferences 9010643, International Institute of Social and Economic Sciences.
    10. Shivani Taneja, 2019. "Working Hours And Trends In Job Satisfaction Using A Panel Of British Workers," Proceedings of International Academic Conferences 9912075, International Institute of Social and Economic Sciences.
    11. Stephen Roll & Olga Kondratjeva & Sam Bufe & Michal Grinstein-Weiss & Stephanie Skees, 2022. "Assessing the Short-Term Stability of Financial Well-Being in Low- and Moderate-Income Households," Journal of Family and Economic Issues, Springer, vol. 43(1), pages 100-127, March.
    12. Patrice Perry–Rivers, 2016. "Stratification, Economic Adversity, and Entrepreneurial Launch: The Effect of Resource Position on Entrepreneurial Strategy," Entrepreneurship Theory and Practice, , vol. 40(3), pages 685-712, May.
    13. Kaiser, Micha & Reutter, Mirjam & Sousa-Poza, Alfonso & Strohmaier, Kristina, 2018. "Smoking and local unemployment: Evidence from Germany," Economics & Human Biology, Elsevier, vol. 29(C), pages 138-147.
    14. Jack Britton & Neil Shephard & Anna Vignoles, 2015. "Comparing sample survey measures of English earnings of graduates with administrative data during the Great Recession," IFS Working Papers W15/28, Institute for Fiscal Studies.
    15. Blanchflower, David G & Oswald, Andrew, 2011. "International Happiness," CAGE Online Working Paper Series 39, Competitive Advantage in the Global Economy (CAGE).
    16. Jenkins, Stephen P. & Taylor, Mark P., 2012. "Non-employment, age, and the economic cycle," LSE Research Online Documents on Economics 57589, London School of Economics and Political Science, LSE Library.
    17. Melanie Jones & Kim Hoque & Victoria Wass & Nick Bacon, 2021. "Inequality and the Economic Cycle: Disabled Employees’ Experience of Work during the Great Recession in Britain," British Journal of Industrial Relations, London School of Economics, vol. 59(3), pages 788-815, September.
    18. Piers Thompson & Wenyu Zang, 2018. "The foreign business and domestic enterprise relationship: Its implications for local entrepreneurial resilience," Local Economy, London South Bank University, vol. 33(1), pages 10-39, February.
    19. Gregor Gonza & Anže Burger, 2017. "Subjective Well-Being During the 2008 Economic Crisis: Identification of Mediating and Moderating Factors," Journal of Happiness Studies, Springer, vol. 18(6), pages 1763-1797, December.
    20. Katie TYRRELL & Emma BOND & Cristian DOGARU & Mark MANNING, 2017. "Youth Unemployment: Addressing Real Needs through Social Enterprise," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 4(1), pages 347-354, November.
    21. Jason Heyes & Mark Tomlinson & Adam Whitworth, 2017. "Underemployment and well-being in the UK before and after the Great Recession," Work, Employment & Society, British Sociological Association, vol. 31(1), pages 71-89, February.
    22. Kevin Ralston & Dawn Everington & Zhiqiang Feng & Chris Dibben, 2022. "Economic Inactivity, Not in Employment, Education or Training (NEET) and Scarring: The Importance of NEET as a Marker of Long-Term Disadvantage," Work, Employment & Society, British Sociological Association, vol. 36(1), pages 59-79, February.

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